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Prudential Financial Sees a Marginal Decline in Total Revenues

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Nov. 27 2017, Updated 7:33 a.m. ET

Marginal fall

Prudential Financial (PRU) reported a marginal decline in its total revenues from $16.9 billion in 3Q16 to $16.3 billion in 3Q17, which is primarily due to declining premiums. The company garnered premiums of $7.8 billion in 3Q17 compared with premiums of $9.6 billion in 3Q16.

Prudential Financial reported a marginal decline in its policy charges and fee income to $1.50 billion in 3Q17 from $1.54 billion in 3Q16.

Prudential Financial has a beta value of 1.6. Its peers (XLF) CNO Financial Group (CNO), Aflac (AFL), and Reinsurance Group of America (RGA) have beta values of 0.83, ~1.0, and 0.77, respectively.

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EPS

Prudential Financial (PRU) has reported earnings per share (or EPS) of $3.01 in 3Q17, which beats the Wall Street analysts’ estimate of $2.71. The company reported a rise in asset management and service fees, which is a component of the company’s total revenues.

Prudential Financial reported asset management and service fees of $1.0 billion in 3Q17 compared to $955.0 million in 3Q16. The company has also reported a substantial increase in total realized investment net gains from $813.0 million in 3Q16 to $1.6 billion in 3Q17.

Prudential Financial reported other income of $327.0 million in 3Q17 compared to a loss of $55.0 million in 3Q16.

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